DBS Group Holdings reported its Q4 2025 results on February 9, 2026, confirming a 10% year-on-year drop in net profit to S$2.36 billion (or S2.26 billion including one-off items). This missed analyst estimates of roughly S2.6 billion. ​While the "record high" interest rates of the past few years provided a massive boost to Singaporean banks, the latest data suggests that peak has passed. Here is a breakdown of why the profit dipped and what the bank expects for the rest of 2026: ​Why Profit Declined 10% ​Margin Compression: Net Interest Margin (NIM) fell by 22 basis points to 1.93%. This was driven by lower benchmark interest rates (SORA) and a stronger Singapore Dollar. ​Higher Credit Costs: Specific allowances for bad loans jumped significantly due to a "prudent downgrade" of a previousl

Earnings season has kicked off for Singapore‑listed companies, with DBS, CapitaLand, and Keppel leading the first round of results. $DBS(D05.SI)$ has declined 2.9% this week (9–11 Feb) following its pre‑market earnings release on Monday (9 Feb), weighed down by weaker‑than‑expected trading income. Tracking the move, the DBS 5x Short DLC has gained about 14% this week, while the DBS 5x Long DLC has fallen roughly 14.5%. $CapitaLandInvest(9CI.SI)$ also started Wednesday morning (11 Feb) in negative territory, sliding as much as 8.8% after reporting a net loss of S$142 million for the second half ended 31 Dec 2025. Mirroring the move in the underlying, the CapitaLand 5x Short DLC was up around as much as

Why Buy-and-Hold High-Quality Dividend Assets Like CapLand Ascendas REIT (A17U) Wins Long-Term The Power of Patience + Compounding  When you buy and hold a fundamentally strong dividend asset—like CapLand Ascendas REIT (A17U)$CapLand Ascendas REIT(A17U.SI)$  —you’re not just collecting dividends payouts. You’re harnessing three unstoppable forces:   1. Compounding Growth: Reinvested dividends buy more shares, which generate more dividends—accelerating wealth exponentially over time.   2. Inflation Hedge: Rising rents (driven by demand for modern logistics space) push up dividends, protecting your purchasing power.   3. Volatility Armor: Short-term market noise fades whe

I think DBS stock is safe but with slow growth. Typing this to earn coins

No, the peak of this cynical cycle is already over. Expect DBS to drift gradually downward.

Traditionally banks stocks are considered cyclical in nature and the results have shown that the net interest income will definitely take a hit following the rate cuts. However,  banks are no longer the dinosaurs and they have evolved their business model for growth and diversification. We should continue to monitor the results for the coming 2 or 3 quarters before we pass our judgement. For investors, the price actions are just noises and it is the fundamentals that matters. 

Buyyyyyyyy more! Typing to get coins

🌟🌟🌟DBS $DBS(D05.SI)$  has just reported a 4th quarter 2025 net profit of SGD 2.36 billion, a 10% year on year decline that missed analyst estimates of SGD 2.57 billion.  While the headline miss on 9 February 2026 initially cooled market sentiment, sending shares down almost 2% in early trading to SGD 58.41, the result masked a record full year 2025 income of SGD 22.9 billion and a powerful 14% surge in wealth management fees. The Warren Buffett Lens: Value Over Volatility In the face of today's market jitters, it is vital to remember Warren Buffett's timeless wisdom : "Do not take yearly results too seriously, instead focus on 4 or 5 year averages." Warren Buffett has long argued that a single earnin

This looks far more like post-earnings digestion than the start of a structural bank rotation. For DBS Group, the sell-off is understandable. The Q4 miss was driven by net interest margin compression, not a deterioration in asset quality or franchise strength. With rates normalising, NIM pressure is a sector-wide reality rather than a DBS-specific flaw. Fee income growth of +13.5% shows the underlying business mix is holding up well. Context matters. After a ~60% rally and fresh highs, expectations were elevated. Any earnings disappointment was likely to trigger profit-taking, especially as investors recalibrate forward ROE assumptions in a lower-rate environment. Crucially, capital returns change the risk profile. A 38% jump in total dividends to S$3.06, with visibility on capital return

The recent earnings report from DBS Group has indeed sparked a notable reaction in the market, with shares slipping 1.9% intraday following the announcement of a 10% year-over-year (YoY) decline in Q4 net profit to S2.36billion, which fell short of the consensus estimate of $2.52 billion. This decline can be largely attributed to a sharp compression in the net interest margin (NIM) to 2.34%, down from 2.77% in the previous year. Despite a strong 13.5% growth in fee income, the bank's profitability was significantly impacted by the narrowing margin. The full-year profit also experienced a dip of 3.2%, which might raise concerns about the bank's ability to maintain its profitability in a challenging interest rate environment. However, it's worth noting that the total dividends for the year j

Not to overly worry...DBS didn’t suddenly break. The Q4 profit drop is mostly about NIM normalising after a peak-rate year, this was always coming. Yes, missing consensus matters, but fee income growing double digits shows the core business is still working. The bigger issue is positioning. After a ~60% rally and fresh highs, expectations were stretched, so even a “not great” quarter triggers selling. This feels more like profit-taking and earnings digestion than the start of a serious bank rotation. With dividends and capital return commitments running through 2027, downside should be cushioned. Near term, upside is capped and volatility stays. Long term, DBS remains a yield and capital-return story, unless rates fall much faster than the market expects.

Time to accumulate more dbs? 

My 2 cents: there is a state of flux in DBS viz. declining net interest margins (NIM) and robust shareholder returns' expectations. Therefore, while profit taking is natural after a massive rally, structural shifts in its revenue model and aggressive capital return policies are mitigating the risk of a full-scale  movement out of the stock. Further, sharply lower interest rates and a stronger SGD have begun compressing NIMs, with management expecting 2026 net profit to be slightly below the record 2025 levels. Also, the P/B ratio is now 2.4x as against historical 1.4x. Overall, it is natural for investors to consider UOB & OCBC which still have P/B in the range of 1.55x or below. But that is no cause for panic - if anything it is too much of a good run for DBS & a chance to di

Even though DBS' Q4 profits missed forecast, it's share price pullback has been fairly modest. This suggests that most investors are still confident in the company's fundamentals. Moreover, DBS remains the local bank that is better positioned to withstand NIM pressures as compared to its peers. Will continue to hold as an income and growth stock in my portfolio and buy in when opportune. 

DBS raised it's stake in China bank + trying to break into Malaysia banking industry, a positive sign of growth. Long term will benefit share holder I think.

It is anyone guess. While the PE is still very high at 2.4x times. It is a quality share. ROS is still the highest amount the local banks. Will hold on to it and look to add more if it dips below 55

Think of the uncertainty ahead in this coming year, DBS shares might dip further after the dividend payout.

Will the price drop?

Will hold for juicy dividends